Solar Energy Market in South Africa 2025-2029

Solar Energy Market 2025-2029


The solar energy market is forecasted to grow by USD 5457.6 million during 2024-2029, accelerating at a CAGR of 38% during the forecast period. The report on the solar energy market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by sunny climatic conditions, rising government support, and declining levelized cost of energy (LCOE) of solar power generation.

Technavio's solar energy market is segmented as below:

By Application
  • Grid-connected
  • Off-grid
By End-user
  • Utility
  • Rooftop
By Geographical Landscape
  • Middle East and Africa
This study identifies the growing payg model as one of the prime reasons driving the solar energy market growth during the next few years. Also, new developments in solar energy market in south africa and scaling up renewables in transport will lead to sizable demand in the market.

The report on the solar energy market covers the following areas:
  • Solar Energy Market sizing
  • Solar Energy Market forecast
  • Solar Energy Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solar energy market vendors that include ARTsolar Pty Ltd, Canadian Solar Inc., Eaton Corp plc, Enel Spa, Ener G Africa, Energy Partners Solar Pty Ltd, ENGIE SA, FOXESS CO. LTD., Genergy, IBC SOLAR AG, Jetion Solar China Co. Ltd., Jiangsu Seraphim Solar System Co. Ltd., Jiangsu Zhongli Group Co. Ltd., JinkoSolar Holding Co. Ltd., Renenergy Ltd, Schneider Electric SE, Sharp Corp., Soventix GmbH, SunPower Corp., and Trina Solar Co. Ltd.. Also, the solar energy market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on South Africa - Market size and forecast 2024-2029 ($ million)
Data Table on South Africa - Market size and forecast 2024-2029 ($ million)
Chart on South Africa: Year-over-year growth 2024-2029 (%)
Data Table on South Africa: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Solar Energy Market in South Africa 2019 - 2023
Historic Market Size - Data Table on Solar Energy Market in South Africa 2019 - 2023 ($ million)
5.2 Application segment analysis 2019 - 2023
Historic Market Size - Application Segment 2019 - 2023 ($ million)
5.3 End-user segment analysis 2019 - 2023
Historic Market Size - End-user Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
6.1 AI impact on Solar Energy Market in South Africa
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Application
8.1 Market segments
Chart on Application - Market share 2024-2029 (%)
Data Table on Application - Market share 2024-2029 (%)
8.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
8.3 Grid-connected - Market size and forecast 2024-2029
Chart on Grid-connected - Market size and forecast 2024-2029 ($ million)
Data Table on Grid-connected - Market size and forecast 2024-2029 ($ million)
Chart on Grid-connected - Year-over-year growth 2024-2029 (%)
Data Table on Grid-connected - Year-over-year growth 2024-2029 (%)
8.4 Off-grid - Market size and forecast 2024-2029
Chart on Off-grid - Market size and forecast 2024-2029 ($ million)
Data Table on Off-grid - Market size and forecast 2024-2029 ($ million)
Chart on Off-grid - Year-over-year growth 2024-2029 (%)
Data Table on Off-grid - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
9 Market Segmentation by End-user
9.1 Market segments
Chart on End-user - Market share 2024-2029 (%)
Data Table on End-user - Market share 2024-2029 (%)
9.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
9.3 Utility - Market size and forecast 2024-2029
Chart on Utility - Market size and forecast 2024-2029 ($ million)
Data Table on Utility - Market size and forecast 2024-2029 ($ million)
Chart on Utility - Year-over-year growth 2024-2029 (%)
Data Table on Utility - Year-over-year growth 2024-2029 (%)
9.4 Rooftop - Market size and forecast 2024-2029
Chart on Rooftop - Market size and forecast 2024-2029 ($ million)
Data Table on Rooftop - Market size and forecast 2024-2029 ($ million)
Chart on Rooftop - Year-over-year growth 2024-2029 (%)
Data Table on Rooftop - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
10 Customer Landscape
10.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Drivers, Challenges, and Opportunity/Restraints
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
11.4 Market opportunities/restraints
12 Competitive Landscape
12.1 Overview
12.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
Overview on factors of disruption
12.4 Industry risks
Impact of key risks on business
13 Competitive Analysis
13.1 Companies profiled
Companies covered
13.2 Company ranking index
Company ranking index
13.3 Market positioning of companies
Matrix on companies position and classification
13.4 ARTsolar Pty Ltd
ARTsolar Pty Ltd - Overview
ARTsolar Pty Ltd - Product / Service
ARTsolar Pty Ltd - Key offerings
SWOT
13.5 Canadian Solar Inc.
Canadian Solar Inc. - Overview
Canadian Solar Inc. - Business segments
Canadian Solar Inc. - Key news
Canadian Solar Inc. - Key offerings
Canadian Solar Inc. - Segment focus
SWOT
13.6 Enel Spa
Enel Spa - Overview
Enel Spa - Product / Service
Enel Spa - Key news
Enel Spa - Key offerings
SWOT
13.7 Energy Partners Solar Pty Ltd
Energy Partners Solar Pty Ltd - Overview
Energy Partners Solar Pty Ltd - Product / Service
Energy Partners Solar Pty Ltd - Key offerings
SWOT
13.8 ENGIE SA
ENGIE SA - Overview
ENGIE SA - Business segments
ENGIE SA - Key offerings
ENGIE SA - Segment focus
SWOT
13.9 Genergy
Genergy - Overview
Genergy - Product / Service
Genergy - Key offerings
SWOT
13.10 IBC SOLAR AG
IBC SOLAR AG - Overview
IBC SOLAR AG - Product / Service
IBC SOLAR AG - Key offerings
SWOT
13.11 Jetion Solar China Co. Ltd.
Jetion Solar China Co. Ltd. - Overview
Jetion Solar China Co. Ltd. - Product / Service
Jetion Solar China Co. Ltd. - Key offerings
SWOT
13.12 Jiangsu Seraphim Solar System Co. Ltd.
Jiangsu Seraphim Solar System Co. Ltd. - Overview
Jiangsu Seraphim Solar System Co. Ltd. - Key offerings
SWOT
13.13 Jiangsu Zhongli Group Co. Ltd.
Jiangsu Zhongli Group Co. Ltd. - Overview
Jiangsu Zhongli Group Co. Ltd. - Product / Service
Jiangsu Zhongli Group Co. Ltd. - Key offerings
SWOT
13.14 JinkoSolar Holding Co. Ltd.
JinkoSolar Holding Co. Ltd. - Overview
JinkoSolar Holding Co. Ltd. - Product / Service
JinkoSolar Holding Co. Ltd. - Key news
JinkoSolar Holding Co. Ltd. - Key offerings
SWOT
13.15 Renenergy Ltd
Renenergy Ltd - Overview
Renenergy Ltd - Product / Service
Renenergy Ltd - Key offerings
SWOT
13.16 Sharp Corp.
Sharp Corp. - Overview
Sharp Corp. - Business segments
Sharp Corp. - Key news
Sharp Corp. - Key offerings
Sharp Corp. - Segment focus
SWOT
13.17 SunPower Corp.
SunPower Corp. - Overview
SunPower Corp. - Product / Service
SunPower Corp. - Key news
SunPower Corp. - Key offerings
SWOT
13.18 Trina Solar Co. Ltd.
Trina Solar Co. Ltd. - Overview
Trina Solar Co. Ltd. - Product / Service
Trina Solar Co. Ltd. - Key news
Trina Solar Co. Ltd. - Key offerings
SWOT
14 Appendix
14.1 Scope of the report
14.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
14.3 Currency conversion rates for US$
Currency conversion rates for US$
14.4 Research methodology
Research methodology
14.5 Data procurement
Information sources
14.6 Data validation
Data validation
14.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
14.8 Data synthesis
Data synthesis
14.9 360 degree market analysis
360 degree market analysis
14.10 List of abbreviations
List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by Application
Exhibits5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits6: Executive Summary - Chart on Company Market Positioning
Exhibits7: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits8: Overview on criticality of inputs and factors of differentiation
Exhibits9: Overview on factors of disruption
Exhibits10: Impact of drivers and challenges in 2024 and 2029
Exhibits11: Parent Market
Exhibits12: Data Table on - Parent Market
Exhibits13: Market characteristics analysis
Exhibits14: Value chain analysis
Exhibits15: Offerings of companies included in the market definition
Exhibits16: Market segments
Exhibits17: Chart on South Africa - Market size and forecast 2024-2029 ($ million)
Exhibits18: Data Table on South Africa - Market size and forecast 2024-2029 ($ million)
Exhibits19: Chart on South Africa: Year-over-year growth 2024-2029 (%)
Exhibits20: Data Table on South Africa: Year-over-year growth 2024-2029 (%)
Exhibits21: Historic Market Size - Data Table on Solar Energy Market in South Africa 2019 - 2023 ($ million)
Exhibits22: Historic Market Size - Application Segment 2019 - 2023 ($ million)
Exhibits23: Historic Market Size - End-user Segment 2019 - 2023 ($ million)
Exhibits24: Five forces analysis - Comparison between 2024 and 2029
Exhibits25: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits26: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits27: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits28: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits29: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits30: Chart on Market condition - Five forces 2024 and 2029
Exhibits31: Chart on Application - Market share 2024-2029 (%)
Exhibits32: Data Table on Application - Market share 2024-2029 (%)
Exhibits33: Chart on Comparison by Application
Exhibits34: Data Table on Comparison by Application
Exhibits35: Chart on Grid-connected - Market size and forecast 2024-2029 ($ million)
Exhibits36: Data Table on Grid-connected - Market size and forecast 2024-2029 ($ million)
Exhibits37: Chart on Grid-connected - Year-over-year growth 2024-2029 (%)
Exhibits38: Data Table on Grid-connected - Year-over-year growth 2024-2029 (%)
Exhibits39: Chart on Off-grid - Market size and forecast 2024-2029 ($ million)
Exhibits40: Data Table on Off-grid - Market size and forecast 2024-2029 ($ million)
Exhibits41: Chart on Off-grid - Year-over-year growth 2024-2029 (%)
Exhibits42: Data Table on Off-grid - Year-over-year growth 2024-2029 (%)
Exhibits43: Market opportunity by Application ($ million)
Exhibits44: Data Table on Market opportunity by Application ($ million)
Exhibits45: Chart on End-user - Market share 2024-2029 (%)
Exhibits46: Data Table on End-user - Market share 2024-2029 (%)
Exhibits47: Chart on Comparison by End-user
Exhibits48: Data Table on Comparison by End-user
Exhibits49: Chart on Utility - Market size and forecast 2024-2029 ($ million)
Exhibits50: Data Table on Utility - Market size and forecast 2024-2029 ($ million)
Exhibits51: Chart on Utility - Year-over-year growth 2024-2029 (%)
Exhibits52: Data Table on Utility - Year-over-year growth 2024-2029 (%)
Exhibits53: Chart on Rooftop - Market size and forecast 2024-2029 ($ million)
Exhibits54: Data Table on Rooftop - Market size and forecast 2024-2029 ($ million)
Exhibits55: Chart on Rooftop - Year-over-year growth 2024-2029 (%)
Exhibits56: Data Table on Rooftop - Year-over-year growth 2024-2029 (%)
Exhibits57: Market opportunity by End-user ($ million)
Exhibits58: Data Table on Market opportunity by End-user ($ million)
Exhibits59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits60: Impact of drivers and challenges in 2024 and 2029
Exhibits61: Overview on criticality of inputs and factors of differentiation
Exhibits62: Overview on factors of disruption
Exhibits63: Impact of key risks on business
Exhibits64: Companies covered
Exhibits65: Company ranking index
Exhibits66: Matrix on companies position and classification
Exhibits67: ARTsolar Pty Ltd - Overview
Exhibits68: ARTsolar Pty Ltd - Product / Service
Exhibits69: ARTsolar Pty Ltd - Key offerings
Exhibits70: SWOT
Exhibits71: Canadian Solar Inc. - Overview
Exhibits72: Canadian Solar Inc. - Business segments
Exhibits73: Canadian Solar Inc. - Key news
Exhibits74: Canadian Solar Inc. - Key offerings
Exhibits75: Canadian Solar Inc. - Segment focus
Exhibits76: SWOT
Exhibits77: Enel Spa - Overview
Exhibits78: Enel Spa - Product / Service
Exhibits79: Enel Spa - Key news
Exhibits80: Enel Spa - Key offerings
Exhibits81: SWOT
Exhibits82: Energy Partners Solar Pty Ltd - Overview
Exhibits83: Energy Partners Solar Pty Ltd - Product / Service
Exhibits84: Energy Partners Solar Pty Ltd - Key offerings
Exhibits85: SWOT
Exhibits86: ENGIE SA - Overview
Exhibits87: ENGIE SA - Business segments
Exhibits88: ENGIE SA - Key offerings
Exhibits89: ENGIE SA - Segment focus
Exhibits90: SWOT
Exhibits91: Genergy - Overview
Exhibits92: Genergy - Product / Service
Exhibits93: Genergy - Key offerings
Exhibits94: SWOT
Exhibits95: IBC SOLAR AG - Overview
Exhibits96: IBC SOLAR AG - Product / Service
Exhibits97: IBC SOLAR AG - Key offerings
Exhibits98: SWOT
Exhibits99: Jetion Solar China Co. Ltd. - Overview
Exhibits100: Jetion Solar China Co. Ltd. - Product / Service
Exhibits101: Jetion Solar China Co. Ltd. - Key offerings
Exhibits102: SWOT
Exhibits103: Jiangsu Seraphim Solar System Co. Ltd. - Overview
Exhibits104: Jiangsu Seraphim Solar System Co. Ltd. - Key offerings
Exhibits105: SWOT
Exhibits106: Jiangsu Zhongli Group Co. Ltd. - Overview
Exhibits107: Jiangsu Zhongli Group Co. Ltd. - Product / Service
Exhibits108: Jiangsu Zhongli Group Co. Ltd. - Key offerings
Exhibits109: SWOT
Exhibits110: JinkoSolar Holding Co. Ltd. - Overview
Exhibits111: JinkoSolar Holding Co. Ltd. - Product / Service
Exhibits112: JinkoSolar Holding Co. Ltd. - Key news
Exhibits113: JinkoSolar Holding Co. Ltd. - Key offerings
Exhibits114: SWOT
Exhibits115: Renenergy Ltd - Overview
Exhibits116: Renenergy Ltd - Product / Service
Exhibits117: Renenergy Ltd - Key offerings
Exhibits118: SWOT
Exhibits119: Sharp Corp. - Overview
Exhibits120: Sharp Corp. - Business segments
Exhibits121: Sharp Corp. - Key news
Exhibits122: Sharp Corp. - Key offerings
Exhibits123: Sharp Corp. - Segment focus
Exhibits124: SWOT
Exhibits125: SunPower Corp. - Overview
Exhibits126: SunPower Corp. - Product / Service
Exhibits127: SunPower Corp. - Key news
Exhibits128: SunPower Corp. - Key offerings
Exhibits129: SWOT
Exhibits130: Trina Solar Co. Ltd. - Overview
Exhibits131: Trina Solar Co. Ltd. - Product / Service
Exhibits132: Trina Solar Co. Ltd. - Key news
Exhibits133: Trina Solar Co. Ltd. - Key offerings
Exhibits134: SWOT
Exhibits135: Inclusions checklist
Exhibits136: Exclusions checklist
Exhibits137: Currency conversion rates for US$
Exhibits138: Research methodology
Exhibits139: Information sources
Exhibits140: Data validation
Exhibits141: Validation techniques employed for market sizing
Exhibits142: Data synthesis
Exhibits143: 360 degree market analysis
Exhibits144: List of abbreviations

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